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Rollins, Inc.
7/27/2023
Greetings. Welcome to the Rollins, Inc. second quarter 2023 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Joe Calabrese. You may begin.
By now, you should have all received a copy of the press release. However, if anyone is missing a copy and would like to receive one, please contact our office at 212-827-3746, and we'll send you a release and make sure you're on the company's distribution list. Additionally, the call is being webcast at www.rollins.com, and a replay will be available for 180 days. The company is also offering investors a supporting slide presentation. which can be found on Rollins' website at www.rollins.com. We will be following that slide presentation on our call this morning and encourage you to do that with us. We have included certain non-GAAP financial measures as part of our discussion this morning. Non-GAAP reconciliations are available in the appendix of today's presentation as well as in our press release. The presentation and press release are available on our Investor Relations website. The company's earnings release discusses the business outlook and contains certain forward-looking statements. These particular forward-looking statements and all other statements that have been made on this call, excluding historical facts, are subject to a number of risks and uncertainties, and actual results may differ materially from any statement we make today. Please refer to yesterday's press release and the company's SEC filings, including the risk factors section of our Form 10-K for the year-end of December 31, 2022. For more information, and the risk factors that could cause actual results to differ. On the line with me today and speaking are Jerry Gale of Jr., President and Chief Executive Officer, John Wilson, Vice Chairman, and Kenneth Krause, Executive Vice President, Chief Financial Officer, and Treasurer. Management will make some open remarks, and then we'll open the line for your questions. John, would you like to begin?
Yes. Thank you, Joe, and good morning. We appreciate all of you joining us today for our second quarter 2023 earnings call. We posted very strong revenue and earnings growth for both our second quarter and first six months of 2023. We've continued to deliver solid performance across most all of our brands and achieved healthy levels of customer growth. Before I turn the call over to Jerry, I want to comment briefly on the results of our recent acquisition of Fox Pest Control. We closed on the Foxx acquisition in April, just prior to the ramp up of their selling season, and they have performed exceptionally well as they achieved solid growth in the first quarter of our ownership. In addition, we have been pleased with their earnings contribution as they achieved over 2 million of GAAP earnings in the first quarter of ownership. This is inclusive of a $1 million charge associated with our earn out of the deal. Our transition with Fox has gone quite well, and we're excited to have their great team in the Fox brand as part of Rollins. Now let me turn the call over to Jerry, who will provide more details on our quarter. Thank you, John. Good morning, everyone.
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